My Yield Screen

I guess many of us would like to take this period of so called bear mkt to add some stocks that we cannot buy because of their valuation.

I would like to proceed with caution, knowing that many of what i have chosen in the past turned out to be lamers.

My screens for yield stocks has been naive at times. The yield stocks that i used to choose were stocks that give high dividend, but low promises of growth. That is normally what people expect from yield stocks, but as i come to realise, you can't really afford to have a full portfolio of stocks that pays out 100% of their dividends. By giving a full payout, growth might be compromised. The stocks that i should choose is a balanced between the 2.

Therefore i gather there are few things primarily that i should consider:

1. Economics of business/Branding


2. Operating cash flow nature


3. Cash position relative to total assets


4. Debt outlook / Gearing


5. Free Cashflow Yield / Conservative free cashflow yield


6. Improving dividend


7. Maintaining and improving profit margin


8. ROE


9. Interest coverage


10. Dividend Payout ratio


11. Past dividend history


12. PE / NTA > share price

I will initiate my position:

1. RSI < 30


2. MCAD < 0


3. After Ex Div